INM acquires car sales website CarsIreland.ie

CarsIreland.ie has 40,000 cars for sale each month

CarsIreland.ie, website, acquisition, INM, cars for sale, media,

Image: CarsIreland.ie

Media group Independent News & Media (INM) has fully acquired car sales website, CarsIreland.ie.

INM says it has acquired the remaining 50% and now fully owns the business.

It will join INM's portfolio of print and digital titles - including the Irish Independent, The Herald and the The Star.

CarsIreland.ie was launched in 2004 and has delivered significant growth in recent years.

Nearly 1,000 car dealers advertise 40,000 used, new and classic cars for sale on the platform each month.

Robert Pitt, CEO of INM said: "We are very pleased to add CarsIreland.ie to INM’s portfolio of titles".

"There are clear synergies with INM's existing motoring features across print and digital. CarsIreland.ie is the go-to destination for drivers looking to sell their car or buy a new vehicle and enjoys significant visitor numbers".

"The site's online dominance fits well with INM's strategy for both its online and print titles".

The value of the transaction has not been disclosed.